ALEC’s 2025 ESG report showcases notable improvements in ESG performance

The firm’s 2025 achievements include 69% of operational waste diverted from landfill and 6,421MWp of cumulative installed solar capacity across assets and...

ADNOC drilling says rig count reaches 30 across 3 GCC countries

The ADNOC subsidiary stated its total fleet now comprises 170 rigs, including those in the Middle East and North Africa region and...

Majid Al Futtaim awards $191mn construction contract for Distrikt Ghaf Woods

This award expedites project delivery and demonstrates Majid Al Futtaim Development’s confidence in Dubai’s resilient long-term real estate fundamentals. Developer Majid Al...

Saudi sets Guinness World Record for Yanbu plant

The achievement was recorded within the Yanbu production plant, which achieved the lowest energy consumption level globally. The Saudi Water Authority (SWA)...

RTA opens 500m bridge at World Trade Centre roundabout

The bridge will facilitate outbound traffic from Al Bada’ towards 2nd December Street, with onward access to Sheikh Rashid Road and Al...

Grovy Developers and Wyndham launch Ramada Residences

Scheduled for handover in Q3 2027, the property will feature a boutique collection of fully furnished residences and penthouses. Grovy Developers has...

Egypt partners with Trafigura to expand Nag Hammadi Aluminum Complex

The expansion will be executed under a lump-sum turnkey EPC model to reduce risks related to cost overruns and delays. Egypt has...

Umm Al Qura signs agreement with Kempinski for branded residences

Kempinski Residences, located in the Masar Haram area within Umm Al Qura's prime destination Masar will feature 302 residential units. Saudi-based Umm...

Aldar’s profit jumps 20% in Q1 to US $626mn

The group achieved sales of US $1.8bn in Q1, with UAE sales contributing US $1.6bn, with earnings per share increasing 25% YoY...

AD Ports Group signs MoU with Azcon Holdin

The MoU aims to identify investment opportunities and advance collaboration in integrated transport and logistics infrastructure, including maritime and digital solutions, in...